Search found 723 matches

by RaleighStClaire
Thu Mar 24, 2011 10:12 am
Forum: Investing - Theory, News & General
Topic: Where is Small Hi and Neverknow.
Replies: 127
Views: 17098

SmallHi was banned. Multiple times under different usernames which is why it's not a violation of our privacy policy to post this. It's too bad, he was very knowledgeable and the information he imparted was often useful. The problem was that he could not or would not refrain from insulting and abus...
by RaleighStClaire
Tue Mar 15, 2011 7:50 am
Forum: Investing - Theory, News & General
Topic: Do you use online- only banks?
Replies: 38
Views: 5136

I use Schwab for all my banking needs and I love them. I have my investment and retirement accounts at Schwab as well as my credit card so it's all linked up really nicely on one page. I have almost no need for cash and can always mail them a check very easily if need be.
by RaleighStClaire
Thu Mar 10, 2011 8:58 pm
Forum: Investing - Theory, News & General
Topic: Asset Allocation for BHs in their early 30s
Replies: 49
Views: 7043

I have a cell in my portfolio workbook that tells me what my target % bonds should be. Here is the formula: =(TODAY()-$L$122)/365.25/100 Where $L$122 = my birthday. That keeps me on an age in bonds glide path. I, too, have a cell in my database that tells me my desired bond percentage. =0
by RaleighStClaire
Mon Mar 07, 2011 1:06 pm
Forum: Investing - Theory, News & General
Topic: MSCI effect on Vanguard small cap index funds
Replies: 47
Views: 12516

As of writing this it's 1pm EST and 0 shares of VIOV have traded today. Not encouraging. 140k have traded for IJS. Current bid/asks: VIOV: 7 cents IJS: 2 cents I own IJS but am more than willing to sell it in the future and move into VIOV if VIOV gains traction and lowers their ER some more. If I ha...
by RaleighStClaire
Mon Feb 28, 2011 6:56 pm
Forum: Investing - Theory, News & General
Topic: VTI & VXUS or VT
Replies: 5
Views: 7641

I veto VT. What a terrible* fund.

*considering what they could have made, at least
by RaleighStClaire
Sun Feb 27, 2011 7:44 pm
Forum: Investing - Theory, News & General
Topic: Comparison of Vanguard's small-cap ETFs
Replies: 17
Views: 3908

Furthermore --- according to data when looking at it from 2007 (see below), the MSCI SCV actually had a miniscle higher value loading factor than the R2000V and the R2000V had higher negative alpha. Is that alpha still valid? The Russell 2000 index used to be vulnerable to front-running, but it now...
by RaleighStClaire
Fri Feb 25, 2011 3:53 pm
Forum: Investing - Theory, News & General
Topic: Which 3 Factor Model?
Replies: 13
Views: 2169

Re: Which 3 Factor Model?

YDNAL wrote:
Multifactor Advisor wrote:Here are the results:

1960-2010

Would it be possible to run results for 2011-2061?


Yes, but would you accept the results?
by RaleighStClaire
Fri Feb 25, 2011 9:43 am
Forum: Investing - Theory, News & General
Topic: Comparison of Vanguard's small-cap ETFs
Replies: 17
Views: 3908

As most here know, VIOV tracks the same index as IJS but at lower cost (20 bp vs 25). And VIOV only trades a couple thousand shares a day. As of right now, the spread is 10bps on VIOV and 4bps on IJS. Based on that, I think IJS is the clear money saver. I would love for VIOV to get more assets but ...
by RaleighStClaire
Fri Feb 25, 2011 9:18 am
Forum: Investing - Theory, News & General
Topic: Which 3 Factor Model?
Replies: 13
Views: 2169

Thanks MFA, this is great stuff. I wouldn't have thought the disparity between P/B and the other two would be so large. Furthermore, P/E and P/CF are nearly identical. I think your conclusion about the RAFI indexes is spot-on but Rick's request would probably help solidify that.
by RaleighStClaire
Thu Feb 24, 2011 2:53 pm
Forum: Investing - Theory, News & General
Topic: Odds of out performance
Replies: 12
Views: 1946

0.3^5 = 0.0024, right.

EmergDoc: He's saying 24/100ths of a percent, not 24%.
by RaleighStClaire
Thu Feb 24, 2011 2:25 pm
Forum: Investing - Theory, News & General
Topic: Russell ETF Symbols
Replies: 29
Views: 4638

caklim00 wrote:This is great news. Unfortunately, I've heard that this "exemptive relief" process is now taking much longer than usual. What a pain... Here's to hoping Russell puts out a low ER to get people to actually buy these ETFs.

+1
by RaleighStClaire
Tue Feb 22, 2011 7:52 pm
Forum: Investing - Theory, News & General
Topic: Edelman on Vanguard's SAI
Replies: 39
Views: 8965

Re: Edelman on Vanguard's SAI

Hi Group I listened to his show on 02/05/2011 1st hour(21 minutes in) and what he said astonished me. I am going to give you the link and I would love to have some feedback. He states than Vanguard and other mutural fund companies are hiding fees of 1.4% in the SAI(Statement of Additional Informati...
by RaleighStClaire
Tue Feb 22, 2011 11:47 am
Forum: Personal Finance (Not Investing)
Topic: How much of your raise do you save?
Replies: 25
Views: 2904

I save the max towards my 401k, the max to my Roth and then I say I'll spend the rest. I don't though -- I always end up putting an extra few thousand a year into my investment account. I'm too save-happy.
by RaleighStClaire
Mon Feb 21, 2011 2:51 pm
Forum: Investing - Theory, News & General
Topic: Dodge & Cox
Replies: 21
Views: 4815

I owned DODGX and DODFX for a while. In addition to Financials, DODGX had big positions in Ford and GM, then sold them for big losses, before the GM bankruptcy, but also before Ford's comeback. Seems like they lost their touch when one of the senior managers retired a few years ago. There are bette...
by RaleighStClaire
Mon Feb 21, 2011 2:45 pm
Forum: Investing - Theory, News & General
Topic: The "bond bubble" meme as of 2/2011
Replies: 24
Views: 4227

You might also be interested in Google Insights for Search: m where you can track and compare search traffic for various terms. When viewed against the backdrop of 'stock market crash,' the term 'bond bubble' doesn't seem particularly troubling: m 8) Interestingly, interest in 'stock market crash' ...
by RaleighStClaire
Sun Feb 20, 2011 9:16 am
Forum: Investing - Theory, News & General
Topic: Reliability of Premiums 1926-2010
Replies: 15
Views: 2205

Are those monthly alphas? Yes, they are. But, they are on the underlying indexes, not the funds. The funds will be higher due to trading costs, fund feeds, etc. Your pages don't load for your analysis #s but they aren't too dissimilar from those that I've seen. They do vary a lot. For instance, sin...
by RaleighStClaire
Sun Feb 20, 2011 9:09 am
Forum: Investing - Theory, News & General
Topic: Reliability of Premiums 1926-2010
Replies: 15
Views: 2205

Beagler wrote:VG's VIOV ER 20 bp, tracks same index as IJS.


Yes, it does, and I wouldn't use it now due to extreeeeme illiquidity. Hopefully down the road it will be a viable option. I almost mentioned VIOV in my earlier post but decided it wasn't worth it.
by RaleighStClaire
Sat Feb 19, 2011 5:43 pm
Forum: Investing - Theory, News & General
Topic: Reliability of Premiums 1926-2010
Replies: 15
Views: 2205

That might be true if the value premium was as easy (low cost) to capture as the market premium. VBR costs 0.14. Not exactly high cost. I use IJS which is 0.25 which isn't exactly high either. 1. Most small and value index funds have a modest loading on the FF small and value factors, so, in practi...
by RaleighStClaire
Fri Feb 18, 2011 1:46 pm
Forum: Investing - Theory, News & General
Topic: RAFI Funds
Replies: 31
Views: 4178

Lbill wrote:Larry -

How can DFA and Bridgeway reconstitute so frequently w/o incurring a much higher operating expense ratio? Wouldn't this be a drawback compared to funds that only reconstitute annually?


Not indexes. They use new money to go into the areas where the fund needs to invest.
by RaleighStClaire
Fri Feb 18, 2011 1:39 pm
Forum: Investing - Theory, News & General
Topic: RAFI Funds
Replies: 31
Views: 4178

When does Vanguard's patent run out, anyways? DFA could have all the ETFs they want when that day comes.
by RaleighStClaire
Fri Feb 18, 2011 11:22 am
Forum: Investing - Theory, News & General
Topic: Reliability of Premiums 1926-2010
Replies: 15
Views: 2205

The chart shows that the value premium is nearly as reliable (or frequent over time) as the market premium. Exactly. To me, this made it very apparent to start investing in value more heavily. One could argue that the importance of value in a portfolio is just as important as equity exposure. In th...
by RaleighStClaire
Fri Feb 18, 2011 11:09 am
Forum: Investing - Theory, News & General
Topic: Reliability of Premiums 1926-2010
Replies: 15
Views: 2205

"% Reliability", or "percentage of advantageous periods", or the portion of times that the asset class outperformed. It's is a nice simple measure. I wonder about the degree of failure when each of the three fail to outperform. And if they tend to fail at the same time. The char...
by RaleighStClaire
Fri Feb 18, 2011 11:06 am
Forum: Investing - Theory, News & General
Topic: Reliability of Premiums 1926-2010
Replies: 15
Views: 2205

#Cruncher:

I didn't realize that there was a version out there through 2008. Good stuff. Anyways, now there is one through 2010 :)

I suspect that there may be a problem with the original data through 2003. Maybe something with not using geometric returns? Who knows.
by RaleighStClaire
Thu Feb 17, 2011 3:05 pm
Forum: Investing - Theory, News & General
Topic: Reliability of Premiums 1926-2010
Replies: 15
Views: 2205

The only "significant" change I saw was the 10 year market bar - almost a 12% change. Everything else looked like noise. RM I wasn't trying to imply any significant change -- I just wanted to update the data. The original chart changed my view of small and value investing and the importan...
by RaleighStClaire
Thu Feb 17, 2011 1:47 pm
Forum: Investing - Theory, News & General
Topic: Reliability of Premiums 1926-2010
Replies: 15
Views: 2205

Reliability of Premiums 1926-2010

http://www.fundadvice.com/images/stories/fundadvice_articles/17/figure9.gif I always loved this graph from fundadvice.com and wanted to update the numbers through 2010 it so I went ahead and did so. Here's what I came up with: http://i56.tinypic.com/vwwtc7.jpg Enjoy!
by RaleighStClaire
Thu Feb 17, 2011 11:42 am
Forum: Investing - Theory, News & General
Topic: Index ETF vs Mutual Fund MER
Replies: 21
Views: 3057

So far that has been the case. I don't know of any ETFs that charge more than their underlying fund. Of course, you are only dealing with Vanguard here because they hold the patent on the ETF+Mutual Fund shenanigans.
by RaleighStClaire
Thu Feb 17, 2011 11:40 am
Forum: Investing - Theory, News & General
Topic: RAFI Funds
Replies: 31
Views: 4178

Larry, this is interesting. I thought maybe the recent outperformance had more to do with the style drift of the RAFI indexes to tilt more towards growth when growth is outperforming. How do other indexes that reconstitute quarterly compare with this natural value drift? Is it as expected? How often...
by RaleighStClaire
Wed Feb 16, 2011 8:51 am
Forum: Investing - Theory, News & General
Topic: Fed Funds and the Size Premium
Replies: 14
Views: 1537

I suspect there's a difference in return for HmL when using the Fed Funds rate and overall interest rates since long-term rates can come down while short rates go up. This looks to be the case. I think it's important to remember that the Fed Funds rate and long-term rates aren't necessarily related...
by RaleighStClaire
Tue Feb 08, 2011 7:52 pm
Forum: Investing - Theory, News & General
Topic: Why not go big with EM if time horizon is long?
Replies: 97
Views: 10119

timid investor! That was his name. Thanks for finding that out, it was bugging me :)
by RaleighStClaire
Tue Feb 08, 2011 3:49 pm
Forum: Investing - Theory, News & General
Topic: Why not go big with EM if time horizon is long?
Replies: 97
Views: 10119

There used to be a poster on here that was 110% EM as his portfolio and he lost a ton in 2008. A ton. 90% VWO, 20% Proshares 2x EM. A ton. He doesn't post here anymore but I recall his image being the superman logo or something. Anyone remember his name? I'm sure someone remembers his name. The sea...
by RaleighStClaire
Mon Feb 07, 2011 9:23 pm
Forum: Investing - Theory, News & General
Topic: Why not go big with EM if time horizon is long?
Replies: 97
Views: 10119

There used to be a poster on here that was 110% EM as his portfolio and he lost a ton in 2008. A ton. 90% VWO, 20% Proshares 2x EM. A ton. He doesn't post here anymore but I recall his image being the superman logo or something. Anyone remember his name?
by RaleighStClaire
Mon Feb 07, 2011 9:20 pm
Forum: Investing - Theory, News & General
Topic: Why not go big with EM if time horizon is long?
Replies: 97
Views: 10119

I vaguely recall a Small_Hi post indicating political risk of emerging markets was not adequately compensated. Before *going big* with EM, I'd look for his analysis on this board a few years ago. Too bad he doesn't post here anymore. I recall that post as well. It was great and enlightening. I stil...
by RaleighStClaire
Sun Feb 06, 2011 1:40 pm
Forum: Investing - Theory, News & General
Topic: Very slow double-take: almost no Fidelity ETFs?
Replies: 8
Views: 1539

I think it's a big mistake by Fidelity. Much like PIMCO, Fidelity had the name recognition but they've done practically nothing with it. I feel like Fidelity saying they wanted to focus on their 401(k)/mutual fund side of their business is an excuse for a poor business decision.
by RaleighStClaire
Thu Feb 03, 2011 3:38 pm
Forum: Investing - Theory, News & General
Topic: 9-style box - Vanguard vs M*
Replies: 20
Views: 4917

^I must be using a different 9-box style grid than you are. The ones I see at Morningstar have numbers in every box, so the 2 funds you mentioned would look very different. I think I was confused. I was referring to how M* can call 2 funds Large Core that are vastly different like in my example. Yo...
by RaleighStClaire
Thu Feb 03, 2011 3:22 pm
Forum: Investing - Theory, News & General
Topic: 9-style box - Vanguard vs M*
Replies: 20
Views: 4917

The 9-box is a relatively useless tool imo. Imagine two funds that are 100% in Large Core. One fund could have the centroid of its holdings barely inside that box but really close to the mid growth box. The other could be the opposite and have the centroid all the way at the top and very close to la...
by RaleighStClaire
Tue Feb 01, 2011 3:43 pm
Forum: Investing - Theory, News & General
Topic: Interesting NYT article on DFA
Replies: 131
Views: 17266

Let your total (AT) returns show for all of your skills. Only when that is not looking good, companies tend to split hairs like this, IMO. People do have IRAs so AT returns aren't everything. My main point before I put it to bed is DFA does small and value pretty amazingly well. Good luck finding a...
by RaleighStClaire
Tue Feb 01, 2011 2:08 pm
Forum: Investing - Theory, News & General
Topic: Interesting NYT article on DFA
Replies: 131
Views: 17266

(and they are v. low when you account for sec. lending) Between this comment and Bob Sawyer's website stating such, do DFA investors really believe that they are in the only fund family returning securities lending income to its investors? It's not a matter of if DFA is providing securities lending...
by RaleighStClaire
Tue Feb 01, 2011 11:36 am
Forum: Investing - Theory, News & General
Topic: Interesting NYT article on DFA
Replies: 131
Views: 17266

I note the tone of conviction no matter what other products may be like. That's plus one for the DFA Mktg machine. . I guess I don't see what's not to like. You get higher factor loads, amazing diversification, reasonable ERs (and they are v. low when you account for sec. lending) and daily rebalan...
by RaleighStClaire
Mon Jan 31, 2011 9:06 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Total International Stock ETF (VSUX) launched!!!
Replies: 10
Views: 3475

livesoft wrote:I own VFSUX, but now I want to own VSUX! Where do I buy it?


If you hate Volkswagen you can always buy VWSUX.

Perhaps you hate the Vanguard Flagship service. If so, buy VFSUX.
by RaleighStClaire
Mon Jan 31, 2011 8:56 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Total International Stock ETF (VSUX) launched!!!
Replies: 10
Views: 3475

I know someone who owns MALOX (Blackrock Global Allocation). Pretty terrible ticker choice if you ask me, lol.
by RaleighStClaire
Mon Jan 31, 2011 5:56 pm
Forum: Investing - Theory, News & General
Topic: Interesting NYT article on DFA
Replies: 131
Views: 17266

DFA is really no big deal anymore. With Pure Value ETFs, WisdomTree, Equal Weight and RAFI ETFs DFA is totally irrelevant considering the access fees (advisor fees) and the inherent tax inefficiencies of the mutual fund format. Ignore the fluff about security lending etc. That is practically done b...
by RaleighStClaire
Mon Jan 31, 2011 2:36 pm
Forum: Personal Finance (Not Investing)
Topic: How Much Should I Contribute To 401k?
Replies: 43
Views: 6670

30% - you won't miss it
by RaleighStClaire
Mon Jan 31, 2011 12:58 pm
Forum: Investing - Theory, News & General
Topic: Interesting NYT article on DFA
Replies: 131
Views: 17266

DFA is really no big deal anymore. With Pure Value ETFs, WisdomTree, Equal Weight and RAFI ETFs DFA is totally irrelevant considering the access fees (advisor fees) and the inherent tax inefficiencies of the mutual fund format. Ignore the fluff about security lending etc. That is practically done b...
by RaleighStClaire
Fri Jan 28, 2011 2:48 pm
Forum: Investing - Theory, News & General
Topic: VXUS - Vanguard Total International ETF is out
Replies: 43
Views: 12368

Purchased at 49.26 which is the ALL-TIME low. Who here can say that they have purchased an ETF at an all-time low!? Hopefully VXUS skyrockets from here on out and my dear mother will always own the fund at its lowest price :)
by RaleighStClaire
Fri Jan 28, 2011 1:49 pm
Forum: Investing - Theory, News & General
Topic: VXUS - Vanguard Total International ETF is out
Replies: 43
Views: 12368

I just did some pseudo-TLHing for my mom from VEA/VWO intl VXUS. I say pseudo because she had no intl small before and now she will. Today is a good day!
by RaleighStClaire
Thu Jan 27, 2011 8:17 am
Forum: Investing - Theory, News & General
Topic: Russell ETF Symbols
Replies: 29
Views: 4638

Also, does anyone know bloomberg tickers for the indexes or where to find them? There still is no fund or ETF for these. June is the supposed release date. Dave I was referring to the underlying indexes of the the ETFs. I'm not sure how far they go back but I'd like to investigate their historical ...
by RaleighStClaire
Tue Jan 25, 2011 7:26 pm
Forum: Investing - Theory, News & General
Topic: Global X Rolls Out Style Emerging ETFs
Replies: 14
Views: 1989

Multifactor Advisor wrote:FYI, the size premium in emerging markets has been -0.7% per year annually since 1994 based on MSCI indexes.


What about value/growth?
by RaleighStClaire
Tue Jan 25, 2011 2:45 pm
Forum: Investing - Theory, News & General
Topic: Global X Rolls Out Style Emerging ETFs
Replies: 14
Views: 1989

I'd rather buy (and do own) SFENX, Schwab RAFI EM. This ETF is not appealing but it's always nice to see more fund options out there!
by RaleighStClaire
Tue Jan 25, 2011 8:52 am
Forum: Investing - Theory, News & General
Topic: Why long term treasury bonds?
Replies: 20
Views: 3774

Some have shown that long term treasurys are superior to ITT within a small-value tilted portfolio. The data was there to support the fact that when SV stocks have plummeted, LTTs have compensated for more of that loss than ITTs. I forget who was the poster (probably SmallHi) so you could search for...
by RaleighStClaire
Mon Jan 24, 2011 10:28 pm
Forum: Investing - Theory, News & General
Topic: employer added VFWSX, VIIIX, VBTIX
Replies: 3
Views: 1060

I work for a financial company with 35,000+ employees and the best funds in our 401k plan are a s&p 500 and Russell 2000 trust that charge 30 and 40 bps. The rest of the options (all 12 of them) are over 80bps and most are over 110. I hate you :(